Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FREYANCE from Kortrijk, company number BE0480220967, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year FREYANCE recorded a gross margin of € 1.8 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 70,681 to € 1.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 20, 2026.
€ 3 million
▲ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ € 1.1 million vs 2024
Profit after tax over the fiscal year.
€ 20,300
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 303,885 paid out
25 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 1.8 million
▲ € 1.6 million vs 2024
€ 19,163 is repaid this year. At this pace the long-term loan is gone in ≈ 95 years.
€ 6,653
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,791
▲ 143% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 630,731 | € 139,085 | € 147,935 | € 1,785,289 | ▲ € 1.6 million |
| Profit after taxes | € 384,826 | € 62,324 | € 70,681 | € 1,209,294 | ▲ € 1.1 million |
| Equity | € 2,205,235 | € 2,154,739 | € 2,138,130 | € 3,043,539 | ▲ 42% |
| Total debts | € 427,947 | € 417,040 | € 414,699 | € 2,923,412 | ▲ € 2.5 million |
| Cash | € 813,395 | € 95,837 | € 358,107 | € 20,300 | ▼ 94% |
| Land & buildings | € 577,998 | € 585,409 | € 543,748 | € 166,913 | ▼ 69% |
| Retained profit | € 2,192,835 | € 2,142,339 | € 2,125,730 | € 3,031,139 | ▲ 43% |
| Dividend | € 0 | € 112,820 | € 87,290 | € 303,885 | ▲ 248% |
| Bank debt | € 264,843 | € 246,450 | € 227,809 | € 1,821,407 | ▲ € 1.6 million |
| Balance sheet total | € 2,633,183 | € 2,571,779 | € 2,552,829 | € 5,966,951 | ▲ 134% |
Key figures of FREYANCE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FREYANCE?
What happened at FREYANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▲ € 1.1 million vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Frederik Baert became a director. NBB
In short
From € 384,826 profit in 2022 to € 1.2 million profit in 2025.
Paid € 651,050 in corporate taxes since 2022.
Best year ever: 2025, with € 1.2 million profit.
Paid out € 503,995 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind FREYANCE is Frederik Baert. It owns 25% of Futurn Holding itself.
Directors
According to the 2025 annual accounts
Frederik Baert
Director
Also active at: STEEN III, Herkenrode Development, Fosbury and Sons BXL Alfons, Futurn Holding, Futurn Alfons, Futurn, FUTURN PROJECTS
since 2003
Establishments
Establishment units
Physical locations of this company
Wolvendreef(Kor) 12
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.220.967
- VAT number
- BE 0480.220.967
- Registered office
- Wolvendreef(Kor) 12, 8500 Kortrijk
- Names & denominations
- FREYANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2003
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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